Pakistan Ranks in the Middle For Logistics and Trade
LPI is ranking is based the efficiency of customs, border management and clearance as well as the quality of trade and transportation infrastructure. It also comprehends the quality of logistics services, the ability to track and trace consignments and the frequency at which shipments correctly reach their destinations on schedule.
The first LPI survey conducted in 2007 ranked Pakistan at number 68, which fell to a low of 110 in 2010 before recovering to 71st position in 2012.
Logistics performance is an important indicator of a nation's level of development and its ability to participate in global trade.
Another similarly important indicator is the ranking of a country on OECD survey of economic complexity compiled by Massachusetts Institute of Technology. This indicator comprehends the diversity of products ad services traded and the number of trading partners. The more diverse the trade and trading partners, the higher the rank. Pakistan ranks 91 on this index among 144 countries as of 2012. It ranks higher than single-commodity oil exporting nations like Iran and Saudi Arabia but lower than the newly industrialized Asian nations.
While Pakistan has made some progress on logistics and trade, it still has a long way to go to improve the lives of its citizens through infrastructure improvements and diversification of its products and services trade. Timely execution of Pak-China industrial corridor plans will hopefully help Pakistan make progress on this front.
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